What would your return be over one day if the closing price, Financial Management

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What would your return be over one day if the closing price

The closing price from yesterday's S&P500 index in 1300. If the margin requirement is 10% of the futures price times that multiplier of $250, and you took a long position in the futures contract based upon yesterday's closing (settle) price, what would your return be over one day if the closing price the next day is 1375 (investigate what these quotes are in dollars). Explain.

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Financial Management: What would your return be over one day if the closing price

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Financial Management: What would your return be over one day if the closing price

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